Current Banking Awareness Quiz – Set 53

Target- Upcoming Bank exams

Months Covered- June, July and August 2021

1. What is the Financial Inclusion Index (FI Index) for the year ended March 2017?
   A) 53.9
   B) 53.4
   C) 43.9
   D) 43.4
   
   View answer

     Option D
   Explanation: FI Index for year ended March 2021= 53.9; FI Index for year ended March 2017?= 43.4
2. Which bank has launched the ‘Dukandar Overdraft Scheme’ for small retailers?
   A) HDFC Bank
   B) ICICI Bank
   C) Axis Bank
   D) State Bank of India
   
   View answer

     Option A
   Explanation: HDFC Bank
3. e-RUPI has been launched by?
   A) RBI
   B) SEBI
   C) NPCI
   D) State Bank of India
   
   View answer

   Option C
   Explanation: National Payments Corporation of India (NPCI) has launched an innovative digital solution – ‘e-RUPI’ in association with the Department of Financial Services (DFS), National Health Authority (NHA), Ministry of Health and Family Welfare (MoHFW)
4. Shyam Srinivasan is the CEO of which bank?
   A) DCB Bank
   B) IndusInd Bank
   C) Kotak Mahindra Bank
   D) Federal Bank
   
   View answer

   Option D
   Explanation: The Reserve Bank of India (RBI) has approved the reappointment of Shyam Srinivasan as the MD & CEO of Federal Bank for a period of three years with effect from September 23, 2021, till September 22, 2024.
5. MandateHQ payment interface has been launched by Razorpay in association with?
   A) VISA
   B) NPCI
   C) American Express
   D) Mastercard
   
   View answer

   Option D
   Explanation: Razorpay partners with Mastercard to launch ‘MandateHQ’
6. What is the present Reverse Repo Rate?
   A) 4.00%
   B) 4.25%
   C) 3.35%
   D) 3.25%
   
   View answer

   Option C
   Explanation: Reverse Repo is 3.35% at present.
7. What is the Current Account Surplus for India in FY21?
   A) 0.9% of GDP
   B) 0.7% of GDP
   C) 0.5% of GDP
   D) 0.3% of GDP
   
   View answer

   Option A
   Explanation: According to the data released by the Reserve Bank of India, India reported a current account surplus of 0.9% of GDP in the FY 21. In FY 20 there was a current account deficit of 0.9%.
8. What is the interest rate on National Saving Certificate (NSC)?
   A) 6.9%
   B) 6.8%
   C) 7.1%
   D) 7.6%
   
   View answer

   Option B
   Explanation: 6.8% for Quarter July-Sept 2021
9. What amount of relief package did the Finance Minister of India announce in June 2021 to support diverse sectors in fight against COVID-19 pandemic?
   A) Rs 6,27,993 crore
   B) Rs 6,28,973 crore
   C) Rs 6,28,993 crore
   D) Rs 6,27,973 crore
   
   View answer

   Option C
   Explanation: Finance Minister Nirmala Sitharaman announces relief package worth Rs 6,28,993 crore to support diverse sectors in fight against COVID-19 pandemic
10. Which bank has launched the ‘Aarogyam Loan’ for the healthcare sector?
    A) HDFC Bank
    B) ICICI Bank
    C) IndusInd Bank
    D) State Bank of India
    
    View answer

    Option D
    Explanation: The State Bank of India (SBI) has launched a new business loan scheme titled ‘Aarogyam Loan’ for the healthcare sector, with the aim to extend financial support, during the difficult times of the novel coronavirus pandemic.

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